Global Deception Technology Market to See 15.1% CAGR through 2021, States M&M in Its Cutting-Edge Report Available at MarketPublishers.com

28 Feb 2017 • by Natalie Aster

LONDON – Driven by increase in zero-day attacks trends and advanced persistent threats (APTs), the world’s deception technology market is anticipated to grow in value from USD 1.04 billion in the previous year to reach USD 2.09 billion in 2021. The market value is expected to grow at a 15.1% CAGR between 2017 and 2021. Other important market growth drivers comprise rising BYOD and IoT adoption and strong need for early detection of attackers by companies. But, substantial use of legacy technology like honeypots from decades could hamper the deception technology market growth.

Enterprises are increasingly deploying managed services in order to support cyber deception solutions with the aim to secure their networks and endpoints. Therefore, the managed services sector is predicted to exhibit the highest growth rates through 2021.

APAC comprises emerging countries like Australia, China, India and Singapore, which are witnessing enhanced deployment of deception technology solutions. The APAC deception technology market is expected to increase at the highest CAGR in the next 5 years, mainly owing to expanding adoption of IoT and BYOD trends across various verticals like financial services, banking, insurance, healthcare, IT and telecom, retail, etc.

New research publication “Deception Technology Market by Component, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2021” elaborated by MarketsandMarkets (M&M) sheds light on the historical evolution, current performance and future prospects of the global market for deception technology. It investigates the major geographical markets, discusses the hottest issues, reviews the key regulative policies and norms, touches upon top trends and delves into the main application sectors. The report evaluates the competitive landscape, profiles leading participants, covers the market dynamics and also points out lucrative growth opportunities and touches upon key challenges. In addition, the report contains a future outlook through 2021.